Intermountain Ventures
Intermountain Ventures is the corporate venture capital arm of Intermountain Health, a nonprofit health system operating 34 hospitals and 400+ clinics across the Mountain West. It makes strategic minority investments in digital health, AI diagnostics, and care delivery startups aligned with the parent system's clinical priorities.
- Company typePrivate
- Founded1973
- HeadquartersSalt Lake City, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Intermountain Ventures does
Intermountain Ventures is the corporate venture capital arm of Intermountain Health, a nonprofit health system founded in 1973 and headquartered in Salt Lake City, Utah. The CVC, established in 2019, makes strategic minority investments in digital health, AI-powered healthcare solutions, and care delivery startups whose theses align with Intermountain Health's clinical priorities. Its parent organization operates 34 hospitals and 400+ clinics across six Mountain West states (Utah, Idaho, Nevada, Colorado, Montana, Wyoming) with 68,000+ caregivers, more than 3 million telehealth patients served, and $1.6 billion contributed to community health in a single year.
Intermountain Ventures' business model is capital deployment rather than product sales. It participates in funding rounds for healthcare technology companies alongside institutional venture capital and strategic investors, providing portfolio companies with clinical validation sites, regulatory pathways, and operational infrastructure through the parent health system. Notable portfolio companies include knownwell (obesity medicine, $25M strategic round led by CVS Health Ventures), Foundation Health (PAIGE AI pharmacist assistant, $20M Series A led by Define Ventures), Visana Health (virtual-first women's health, $24M Series A led by Noro-Moseley Partners), and a strategic partnership with Canary Speech for IRB-approved AI-driven vocal biomarker research in Multiple Sclerosis. The CVC operates with a small team (11-50 employees) and does not sell external products or charge investment management fees disclosed in public filings.
The company's go-to-market is relationship-driven and operates through healthcare venture networks, co-investment with tier-1 VCs and corporate strategics (a16z Bio + Health, CVS Health Ventures, Cigna Group Ventures, Define Ventures, Flare Capital Partners, Noro-Moseley Partners), and direct clinical pilots inside Intermountain Health's provider network. Revenue mechanics rely on capital appreciation, strategic exit returns, and operational benefits flowing back to the parent health system rather than top-line income; no external revenue, ARR, or AUM is publicly disclosed.
Intermountain Ventures firmographics
Firmographics- Name
- Intermountain Ventures
- Legal name
- Intermountain Health
- Website
- https://intermountainhealthcare.org
- Company type
- Private
- Founded year
- 1973
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Intermountain Ventures is the corporate venture capital arm of Intermountain Health, a nonprofit health system operating 34 hospitals and 400+ clinics across the Mountain West. It makes strategic minority investments in digital health, AI diagnostics, and care delivery startups aligned with the parent system's clinical priorities.
- Ownership category
- akta.pro rank
Intermountain Ventures industry classification
Industry- Product category
- Healthcare Venture Capital
- NAICS
- Miscellaneous Intermediation (52391), Investment Banking and Securities Intermediation (523150)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Corporate Strategic Partnership & Ecosystem Investment Arms (FSANAHAF)
- akta.pro secondary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
Keywords
Where Intermountain Ventures is headquartered
LocationHeadquarters
- HQ city
- Salt Lake City
- HQ country
- United States
- HQ region
- North America
Markets served
Intermountain Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Others, Technology or R&D
Distribution channels1 record
Marketing channels1 record
Intermountain Ventures product offering
Product offeringCore offering
Intermountain Ventures is the strategic corporate venture capital arm of Intermountain Health, making minority equity investments in healthcare technology companies whose products align with the parent health system's clinical and operational priorities. Portfolio companies receive capital alongside the ability to pilot and validate their solutions inside Intermountain Health's care delivery network, with recent investments targeting digital health, AI diagnostics, virtual care, pharmacy automation, obesity medicine, and women's health.
Product overview
Intermountain Health operates as a healthcare delivery system with digital health products including the MyChart-powered patient portal and Connect Care virtual care platform. The company offers a portfolio of services spanning 34 hospitals and 400+ clinics across six states, with technology products focused on patient access and virtual care delivery rather than a distinct commercial product portfolio sold to other organizations.
Differentiator
Problem solved
Functional benefit
Brands
- Select Health: Health plan division of Intermountain Health
- Intermountain Children's Health
- Intermountain Connect Care
Products and services
- Intermountain Strategic Healthcare Venture Capital Investments Minority equity investments and strategic partnerships made by Intermountain Ventures into healthcare technology companies, accompanied by clinical validation opportunities, access to Intermountain Health's patient populations, and operational expertise. Targets digital health, AI diagnostics, virtual care, pharmacy automation, obesity medicine, and women's health.
Quantifiable outcome
- Healthcare AI market projected to grow from $37 billion in 2025 to $506 billion by 2033
- +1 more outcomes
Companies that use Intermountain Ventures
Customer profileSegments4 records
Ideal customer profiles4 records
Intermountain Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Intermountain Ventures partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Canary SpeechcoreIntermountain Ventures partnered with Canary Speech to launch the first IRB-approved study using vocal biomarkers to identify Multiple Sclerosis. The study collects voice samples from patients to test AI-driven algorithms for MS detection, led by Dr. Timothy West at Intermountain Health's Salt Lake Clinic. This partnership represents Intermountain Ventures' focus on AI-powered diagnostic innovation.
Scale indicators4 records
Recent moves5 records
Expansion highlights5 records
Intermountain Ventures competitors and assessment
Company assessmentDirect peers
- Flare Capital Partners: Healthcare-focused venture firm investing across digital health, payer-provider, and care-delivery innovation. Existing investor in knownwell alongside Intermountain Ventures.
- Kaiser Permanente Ventures: CVC arm of Kaiser Permanente investing in healthcare technology and services. Direct CVC peer anchored in an integrated nonprofit health system, similar strategic-investor posture to Intermountain Ventures.
- Echo Health Ventures: Strategic healthcare CVC backed by Cambia Health Solutions and Blue Cross and Blue Shield of North Carolina. Comparable multi-payer CVC investing across care delivery, digital health, and AI.
- Define Ventures: Sector-focused venture firm dedicated to digital health and healthcare transformation. Led Foundation Health's Series A in which Intermountain Ventures participated.
- a16z Bio + Health: Andreessen Horowitz's healthcare-focused fund investing in digital health, biotech, and care delivery. Participated in knownwell's oversubscribed round alongside Intermountain Ventures.
- Noro-Moseley Partners: Healthcare-focused growth equity firm based in Atlanta investing across health-tech, services, and life sciences. Led Visana Health's Series A in which Intermountain Ventures participated.
- CVS Health Ventures: Corporate venture arm of CVS Health investing in digital health, obesity care, and care delivery. Direct CVC peer that co-led knownwell's oversubscribed round alongside Intermountain Ventures.
- MassMutual Catalyst Fund: Strategic investment fund of Massachusetts Mutual Life Insurance Company focused on health, wealth, and financial-tech innovation. Participated in knownwell alongside Intermountain Ventures.
- The Cigna Group Ventures: Corporate venture arm of The Cigna Group investing across digital health, care delivery, and pharmacy. Participated alongside Intermountain Ventures in Visana Health's $24M Series A.
- Optum Ventures: The CVC of UnitedHealth Group/Optum, one of the largest healthcare-focused CVCs. Comparable as a strategic investor backing AI, virtual care, and care-delivery startups with national distribution.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Intermountain Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Intermountain Ventures leadership team
Management profileNumber of profiles
Intermountain Ventures subsidiaries and ownership
Company hierarchySubsidiaries3 records
Intermountain Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Intermountain Ventures M&A and investment
M&A and investmentM&A
Investments35 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Intermountain Ventures
What does Intermountain Ventures do?
Intermountain Ventures is the strategic corporate venture capital arm of Intermountain Health, making minority equity investments in healthcare technology companies whose products align with the parent health system's clinical and operational priorities. Portfolio companies receive capital alongside the ability to pilot and validate their solutions inside Intermountain Health's care delivery network, with recent investments targeting digital health, AI diagnostics, virtual care, pharmacy automation, obesity medicine, and women's health.
Is Intermountain Ventures a public or private company?
Intermountain Ventures is a private company. It is classified as corporate owned and is currently operating.
When was Intermountain Ventures founded?
Intermountain Ventures was founded in 1973. It employs 11 to 50 people.
Where is Intermountain Ventures based?
Intermountain Ventures is headquartered in Salt Lake City, United States, in the North America region.
Who are Intermountain Ventures's main competitors?
Direct peers on record are Flare Capital Partners, Kaiser Permanente Ventures, Echo Health Ventures, Define Ventures, a16z Bio + Health, Noro-Moseley Partners, CVS Health Ventures, MassMutual Catalyst Fund, The Cigna Group Ventures and Optum Ventures.
Does Intermountain Ventures have an API?
No public API is recorded for Intermountain Ventures.
What industry is Intermountain Ventures in?
Intermountain Ventures's product category is Healthcare Venture Capital. Its primary akta.pro industry code is FSANAHAF, Corporate Strategic Partnership & Ecosystem Investment Arms, with a secondary code of FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists). Its NAICS code is 52391 and its SIC code is 6211.